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Wednesday, December 21, 2011

What Does Short Sale Fraud Look Like? *Update 2*

I last featured this festering sore 933 25th back in October.

You can go back through the old posts but long story short, someone paid too much for this lot and then built a hugely expensive, ugly mcmansion. They could never sell it for what they needed and it has been on and off the market ever since. Suspicious short sale attempts have taken place, rental listings put up and then quickly pulled down, etc, etc. Property Shark shows a notice of default all the way back in November 2010.

The latest is that this house has yet again been listed for a very suspiciously low amount of money. This time, there is just one crappy photo (above), no description, very little other info. This short sale is once again being listed by someone with an 818 area code. It all stinks. Clean it up for real already.

Current Short Sale Listing History: 5/20/11 - $2,200,000

I don't recall seeing this listing back in May or any time other than very recently. Suspicious. Also note that it is "pending". Last time they tried to fool around with this, they listed it as a short sale right off the bat and it was "pending" from day 1. Maybe they are trying to make it look like this has been listed for a long time. Nobody here is fooled though. This house is worth a lot more than $2.2mm.

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